CFPB tees up AI-based underwriting and adverse action notices
The Consumer Financial Protection Bureau is putting artificial intelligence-based (AI) underwriting models under the microscope as more lenders and banks rely...
Retail Banking
Plaid’s new offering supports development of FDX APIs
A new offering by the fintech Plaid is designed to help banks and credit unions create application programmable interfaces (APIs)...
Citigroup plans to hire 4,000 tech staff to tap into ‘digital explosion’
Citigroup Inc. plans to hire more than 4,000 tech staff to help move its institutional clients online in the wake...
Truist CIO Ken Meyer joins Bank Automation Summit Fall speaker faculty
Ken Meyer, Truist divisional chief information officer and experience officer for consumer technology, experience and innovation, has joined the speaker...
TD Bank uses tech modernization to improve agility
The $1.4 trillion TD Bank is rolling out a new initiative that will modernize its IT infrastructure by shifting more...
AI-based risk modeling not a guarantee against recessionary impacts
NEW YORK CITY — The use of artificial intelligence-based risk modeling is far from foolproof in a recessionary environment. Image...
Scotiabank’s Scene+ mobile app adds another 200K users
Scotiabank's Scene+ loyalty rewards program and mobile app added 200,000 new members since January, helping to drive consumer use of...
Lenders to start acquiring fintechs to form ‘super apps’
Lenders may soon have the opportunity to acquire fintechs at depressed valuations as economic conditions decline and fintech operational costs...
US Bank launches Spanish voice assistant for auto loan servicing, banking
U.S. Bank’s Spanish-speaking customers can now service their auto loans by speaking into the bank’s mobile app. The Minneapolis-based bank...
Lenders use alternative data to expand auto books
Auto lenders in the first quarter leveraged TransUnion’s alternative data and underwriting models to expand their lending pools as the...
